Perfios, a B2B SaaS fintech company has announced that Teachers’ Venture Growth (TVG) will invest USD 80 million into the company. Informing about the investment, the company in a release stated, “The investment from TVG reflects Perfios’ strong growth prospects globally and the leading role it plays in the broader growth and digitization of financial services in India.”
The company further informed that it aligns well with TVG’s strategy of investing behind strong and experienced management teams that leverage technology to build a compelling value proposition and leading position, both in terms of customer penetration and product offering.
“With established market leadership in India and a growing presence in South-East Asia, the Middle East, and Africa, Perfios plans to continue its international expansion and strengthen its global footprint, while also utilising the funds towards exploring inorganic growth opportunities. The company will also continue to invest in their comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce,” the company said.
Notably, Perfios, founded in 2008, is a company serving the banking, financial services and insurance industry in 18 countries. As per the information provided by the company, Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and processes 1.7 billion transactions a year with an AUM of $36 billion, significantly accelerating access to credit and financial services for their clients’ customers.